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Evaluate the potential for a Housin Re /acement 8M9ram to purchase code deficient homes which the homeowner is unable to sell or renovate due to the condition of the home. The purchase will result in the demolition of the dilapidated home and the constriction of a new home or group of homes. Upon completion the Program will provide for the resale of the new home, targeting first time home buying families. The HRA's goal will be to obtain a second mortgage on any initial equity generated by the home to provide a return an the investment under the Program. Identified as a high priority for HRA. 4.9 Review opportunities to submit applications for funding from federal, state, county and regional sources where proposed projects meet the goals of the HRA. • Submit annual approval of participation in the Livable Communities Act which was created in 1995 and represents the legislative preference for a voluntary, incentive -bused approach to help communities grow, succeed and address the metropolitan region's affordable and li f ecycle housing, • Submit applications under the Super RFP Process for livable Communities Demonstration Account grants, Local Housing Incentive Account, MHFA and Minnesota Housing Fund grants and loans where the proposed projects provide Q mix of housing choices for 'innovative programs that address affordable housing issues. Submit applications to the Bamsey ount Housing d Redeve6yment th r for single and multi - family housing developments, public infrastructure and business assistance when low - moderate income requirements can he achieved, • Review annual funding options through non-profit foundations and financial institutions 4.10 Increase awareness of the HRA's mission and promote the City as a community with an excellent, safe quality of life, Housing Plan — 2004 Page 16 Roseville HRA